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Ashmore Group plc 17.7% Potential Decrease Indicated by Credit Suisse

Ashmore Group plc using EPIC/TICKER code (LON:ASHM) had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘UNDERPERFORM’ today by analysts at Credit Suisse. Ashmore Group plc are listed in the Financials sector within UK Main Market. Credit Suisse have set a target price of 410 GBX on its stock. This indicates the analyst believes there is a potential downside of -17.7% from the opening price of 498.2 GBX. Over the last 30 and 90 trading days the company share price has increased 42.8 points and decreased 24.3 points respectively. The 52 week high share price is 545.5 GBX while the 52 week low is 337.8 GBX.

Ashmore Group plc has a 50 day moving average of 493.26 GBX and the 200 Day Moving Average price is recorded at 459.69. There are currently 712,740,804 shares in issue with the average daily volume traded being 2,411,315. Market capitalisation for LON:ASHM is £3,509,535,675 GBP.